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CIMA BA2 Actual Questions

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Total 382 questions

Fundamentals of Management Accounting Questions and Answers

Question 29

Which of the following categories of costs is the most relevant for decision making?

Options:

A.

Current costs

B.

Notional costs

C.

Estimated future costs

D.

Costs already incurred which are known with certainty

Question 30

Which one of the following is a characteristic of strategic financial information?

Options:

A.

Detailed and accurate

B.

Provided mainly to junior managers

C.

Provided daily to keep managers informed

D.

Provides information for long term decision making

Question 31

Refer to the Exhibit.

A company operates a batch costing system.

Production overhead costs are absorbed into the cost of batches using a direct labour hour rate. Other overhead costs are absorbed at a rate of 20% of total production cost. The company adds a mark-up of 10% to total cost in order to derive its selling prices.

Budgeted production overheads for the period are $44,000 and the budgeted level of activity is 8,800 direct labour hours.

The following data are available for batch number 309:

The required selling price per unit (to two decimal places) is:

Options:

Question 32

Refer to the exhibit.

The following information relates to Job 123:

The selling price to the customer for Job 123 is:

Options:

Page: 8 / 15
Total 382 questions